 
                            
                    Auction: 324 - The Numismatic Collector's Series Sale                                                                                                                                              
                    
                    Lot: 1443
                
                    
                        Pan Motor Company (Delaware) 1917. Issued in St. Cloud, Minnesota. 10 shares. Issued, not cancelled. No.5229. Green. Touring car. Signed by Sam Pandolfo as President. Pandolfo perpetrated one of the worst frauds in the history of the American car industry by raising over $9,000,000 from investors, but producing only 737 cars in 4 years. VF+. Attractively matted and framed.  
                        
                                            
                
                    
                        Estimate                    
                        
                        
                        $60 to $90